DR 165: Financial Freedom Calculator – How Much Should You Save?

Financial Freedom

How much should you be saving? It’s a question that we ask a lot, and there are a number of rules of thumb. One answer is based on the 50/20/30 budgeting system. Popularized by Senator Elizabeth Warren, this rule of thumb suggests we should be saving 20% of our income. Any general guideline, however, has […]

Published or Updated: March 7, 2015

DR 164: Risk Parity Portfolio Construction with Dar Sandler

Dar Sanders

In his book, Money–Master the Game: 7 Simple Steps to Financial Freedom, Tony Robbins describes what he calls an All Weather Portfolio. It’s very heavy in bonds, commodities, and gold, which makes it a questionable approach to investing. Yet it’s loosely based on an investing approach called risk parity that’s used by Ray Dalio of […]

Published or Updated: February 27, 2015

8 Key Financial Numbers for 2015

Key Financial Numbers 2015

As is the case each year, important numbers – related to income taxes, retirement, gifts and Social Security – are adjusted to reflect changes in the Consumer Price Index (CPI) or in regard to changes in the law. The folks at T. Rowe Price put out a cheat sheet on all of these number, and […]

Published or Updated: February 25, 2015

DR 163: The David Swensen Unconventional Success Portfolio

Unconventional Success

Davd Swensen manages more than $20 billion in assets as the Chief Investment Officer of the Yale endowment fund. Several years ago he distilled his investment knowledge and experience into a book, Unconventional Success, for the average investor. The book is an excellent guide to low cost, passive investing. One of the many great aspects […]

Published or Updated: February 27, 2015

How to Adjust Your Tax Withholdings for a $0 Return

Tax Withholding

It’s still early in the new year, and certainly early enough if you’d like to adjust your tax withholdings to a more accurate number. Most of us are aware that we can do that simply by filling out IRS Form W4 with our employers. The form enables you to adjust your income tax withholding by […]

Published or Updated: February 21, 2015

FreeTaxUSA Review

taxfreeUSA

FreeTaxUSA is an online tax preparation website that enables you to Prepare, Print & E-file your taxes free. At least that’s true in regard to filing your Federal income tax return. This looks to be a pretty solid, if not spectacular, online tax preparation software. Let’s take a closer look. Who and What is FreeTaxUSA? […]

Published or Updated: February 19, 2015

How Long Does it Take to Become a Millionaire?

Millionaire

This could be the million dollar question itself, since it’s something that so many people want to know. And actually, at least mathematically, it’s a question that has an easy answer. It just depends on how much money you save and what you earn on your investments. But before we get into the mechanics of […]

Published or Updated: February 21, 2015

How to Determine if You’ll Owe the Obamacare Penalty Tax

Obamacare Penalty Tax

The Affordable Care Act (ACA) was the biggest overhaul in the US healthcare system since the implementation of Medicare in 1965. It is an attempt to expand health care coverage to the entire population, as well as to eliminate traditional barriers, such as pre-existing conditions. These benefits, however, do not come without cost. One of […]

Published or Updated: February 19, 2015

529 Plan vs. Roth IRA—How to save for college

529PlanvsRothIRAHowyoushouldsaveforcollege-735x1102-PT

What’s the best way to save for a child’s education? We compare three options–a 529 Plan, a Roth IRA, and a taxable account. Is it better to save for a child’s college education with a 529 plan or a Roth IRA? That’s the question that Dan, a listener to the weekly Dough Roller Money Podcast […]

Published or Updated: February 8, 2015